GJ is facing a strong bearish pressure and as I mentioned in my previous analysis in Daily time frame, I was waiting for the pull back and retest to the yellow broken zone.
Currently, as you see in the 4H chart, price is approaching to the resistance zone to retest this area between. 152.900 - 153.300
If we take a look at the price structure, we can see a main downside move with lower lows and lower highs. Moreover, the bearish candles are clearly stronger than the bullish ones and we are in the correction phase right now.
Still wait for price to see if it will be rejected from the resistance zone, and in the case of any bearish signal in lower time frames like 1H or 30min, we can enter short with a target around 151.00
well analyzed, most people are going to move with the bullish trend obviously, but am really sure it's going to be bearish ... nice one premiums
jaffsg01
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@kochkelvin it wont b going bullish at all with the sort of fundamental around us. secondly demand zone key area is at 149.500 to 150.500 . i dont see price not going to that key demand zone before change the whole trend
ng7ovo
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All incorrect as always
fmivly
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So simple and basic but powerful
UnknownUnicorn15614419
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Interesting job
ForexTrendline
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Well done, keep up the good work!
hkompani
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It must breaks 152.340 first 🙏
SignalProvider
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Great insight;))
hamedProfile80053
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Even if you specify a loss limit, your analysis is extraordinary